"Pro forma operating expenses, excluding special items, were 18.5% lower due to numerous cost efficiency efforts, facility consolidations and sharply lower newsprint expense."
-- a Gannett statement today, describing the company's financial results for all of last year. GCI's cost-cutting last year included at least 1,400 newspaper layoffs in July.
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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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